Teucrium Soybean Fund (NYSEARCA:SOYB) Shares Up 0.7% – Time to Buy?

Teucrium Soybean Fund (NYSEARCA:SOYB)’s stock price was up 0.7% on Friday . The stock traded as high as $23.16 and last traded at $23.15. Approximately 179,428 shares changed hands during trading, an increase of 283% from the average daily volume of 46,807 shares. The stock had previously closed at $22.98.

Teucrium Soybean Fund Stock Performance

The stock’s 50 day simple moving average is $22.15 and its 200-day simple moving average is $21.94.

Institutional Trading of Teucrium Soybean Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOYB. Harbour Investments Inc. purchased a new stake in Teucrium Soybean Fund during the 1st quarter valued at about $40,000. Simplex Trading LLC raised its stake in shares of Teucrium Soybean Fund by 267.5% in the first quarter. Simplex Trading LLC now owns 2,580 shares of the company’s stock worth $55,000 after purchasing an additional 1,878 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Teucrium Soybean Fund during the second quarter worth about $1,123,000.

Teucrium Soybean Fund Company Profile

Teucrium Soybean Fund (the Fund) is a commodity pool. The Fund is a series of the Teucrium Commodity Trust (Trust).The investment objective of the Fund is to have the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for soybeans (Soybean Futures Contracts) that are traded on the Chicago Board of Trade (CBOT).